All Forum Posts by: Paul Wheeler

I'm in a very similar situation to Swati (and we've actually touched base in BiggerPockets here as "fellow newbies" in DFW!!) (I hope I am not hijacking your thread Swati!!)

From a market standpoint, I am interested in LTR, both SFR and MFR (although reading through the 2024 market outlook here on BiggerPockets, MFR could be a tough market this year??) Cash flow is definitely a key metric, as I want to accelerate equity ownership in many property I own as quickly as possible..mainly to be able to re-invest and get my next property, but its not everything..if the underlying area is good and I can expect the property value to grow (beyond market?) then great.

Longer term (maybe) BRRRR (which phonetically feels very relevant in DFW) : Personally I like the process of updating properties etc, gives me a lot of satisfaction, but I'll need to keep in mind its a business so some level of training and discipline will probably be needed before jump in here.

In-state / Out-of-state : open to either and that will really be determined by the support network I can find/create (trusted realtor, property managers etc..)

Excited to hear more from the BiggerPockets community on how to build that experienced network and make that first deal...feels a little like cold-plunging..the first one is probably the hardest (just making the plunge) and no doubt i will be breathing heavily for a while, but after a bit, you get used to it??

 I'm in!! :-)

 Thank you sir!

 Absolutely!

Hi BiggerPockets community,

I'm a newbie to the real estate investment world and excited to expand my investment portfolio to this space.

Resident in Allen, Texas and interested in Long Term Hold Rental properties (Single Family/Multi-Family) : Advice very welcome!